A group of 22 companies and individuals on Thursday agreed to pay nearly $5 million in disgorgement and $1 million in penalties to settle the U.S. Securities and Exchange Commission’s allegations that they regularly bought and sold securities on behalf of a suburban Chicago-based trading firm without registering with the agency.
LightSquared Inc. has struck agreements for creditors Solus Alternative Asset Management LP and Cerberus Capital Management LP to withdraw a debt restructuring proposal on Thursday and remove virtually all remaining opposition to the wireless venture’s emergence from bankruptcy protection.
The U.S. House of Representatives on Thursday passed a bill intended to put in place a permanent “doc fix” to replace Medicare’s unpopular physician reimbursement system, commonly overridden by lawmakers each year.
The Consumer Financial Protection Bureau announced Thursday that it's considering rules that would end payday debt traps by cutting down on excessive fees and requiring lenders to ensure borrowers can repay their loans.
The U.S. Supreme Court's decision Wednesday breathing new life into a pregnancy bias suit against United Parcel Service Inc. won plaudits from worker advocates including the U.S. Equal Opportunity Commission, even though the ruling was critical of recent EEOC pregnancy discrimination guidance that will now have to be changed.
A Delaware federal jury on Wednesday found that Motorola Mobility LLC had infringed one patent owned by Intellectual Ventures LLC but not another, wrapping up a second trial between the long-time foes over Motorola's smartphones.